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Extension of OPEC+ oil capping deal best decision at present — Iran's oil minister

November 30, 16:17 UTC+3 VIENNA

Ministers of OPEC+ member-states are to discuss extension of the oil production limiting agreement until 2018 year-end in Vienna today

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VIENNA, November 30. /TASS/. Extension of the oil production capping deal will be the most efficient for the time being against preservation of the current environment, Iran’s petroleum minister Bijan Namdar Zanganeh told reporters on Thursday.

"We can discuss everything. But I think the best proposal is to roll over the previous decision," the minister said responding to a question of whether new oil production quotas are discussed within the OPEC+ agreement framework.

Ministers of OPEC+ member-states are to discuss extension of the oil production limiting agreement until 2018 year-end at the meeting on November 30 in Vienna.

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